Goldstone named to state panel

SACRAMENTO – The city of San Diego's chief financial officer, Jay Goldstone, was appointed Monday to the state debt advisory commission by state Treasurer Bill Lockyer.

The California Debt and Investment Advisory Commission provides information and technical assistance to local governments about issuing bonds and other financial matters.

Goldstone became San Diego's first financial officer last year and has become a key figure in the city's effort to address its $1 billion pension deficit, which was created before he arrived. He had been finance director for the city of Pasadena.

“Jay Goldstone brings to the commission 20 years of experience in directing the financial operations of cities and counties,” Lockyer, the commission chairman, said in a statement.

“Jay's successful management of public debt and bonds for the types of local agencies (the commission) assists will be an invaluable asset,” the treasurer said.